Globalstatus Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02513130 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2019

for

Globalstatus Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr N E Goldstone

Mrs T Goldstone

SECRETARY:

Mrs T Goldstone

REGISTERED OFFICE:

3rd Floor Pacific Chambers

11-13 Victoria Street

Liverpool

Merseyside

L2 5QQ

REGISTERED NUMBER:

02513130 (England and Wales)

ACCOUNTANTS:

Haines Watts

3rd Floor Pacific Chambers

11-13 Victoria Street

Liverpool

Merseyside

L2 5QQ

FIXED ASSETS

Tangible assets

3

856,300

856,790

CURRENT ASSETS

Debtors

4

3,484

458

Cash at bank

2,990

1,168

6,474

1,626

CREDITORS

Amounts falling due within one year

5

129,661

111,296

NET CURRENT LIABILITIES

(123,187

)

(109,670

)

TOTAL ASSETS LESS CURRENT LIABILITIES

733,113

747,120

CREDITORS

Amounts falling due after more than one year

6

(120,513

)

(149,451

)

PROVISIONS FOR LIABILITIES

(77,568

)

(77,568

)

NET ASSETS

535,032

520,101

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

534,932

520,001

SHAREHOLDERS' FUNDS

535,032

520,101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 12 November 2019 and were signed on its behalf by:

Mr N E Goldstone - Director

1.	STATUTORY INFORMATION

Globalstatus Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents gross rents receivable from properties.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

3.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Long

and

property

leasehold

fittings

Totals

£

£

£

£

COST OR VALUATION

At 1 July 2018

and 30 June 2019

791,000

62,500

12,179

865,679

DEPRECIATION

At 1 July 2018

-

-

8,889

8,889

Charge for year

-

-

490

490

At 30 June 2019

-

-

9,379

9,379

NET BOOK VALUE

At 30 June 2019

791,000

62,500

2,800

856,300

At 30 June 2018

791,000

62,500

3,290

856,790

Cost or valuation at 30 June 2019 is represented by:

Fixtures

Freehold

Long

and

property

leasehold

fittings

Totals

£

£

£

£

Valuation in 2013

354,958

-

-

354,958

Valuation in 2018

193,256

3,303

-

196,559

Cost

242,786

59,197

12,179

314,162

791,000

62,500

12,179

865,679

The properties were valued at the 30th June 2019 by the Directors.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Trade debtors

3,484

458

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Bank loans and overdrafts

33,000

33,300

Taxation and social security

6,118

6,722

Other creditors

90,543

71,274

129,661

111,296

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.19

30.6.18

£

£

Bank loans

120,513

149,451

Amounts falling due in more than five years:

Repayable by instalments

Bank loan - over 5 years

-

16,251